Fsk Land Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 521346470 ✦ Baltimore, MD ✦ Designated as a 501(c)(25)

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Overview

What is Fsk Land Corporation?

FSK Land Corporation is a nonprofit organization that acquires and owns real estate properties. The organization generates income from these properties and subsequently remits the net earnings, after deducting expenses, to its primary beneficiary, Johns Hopkins University (JHU). FSK Land Corporation's mission revolves around the ownership and management of real estate, with the ultimate goal of delivering income to its crucial member, Johns Hopkins University.

Is Fsk Land Corporation legitimate?

Fsk Land Corporation is a legitimate nonprofit organization registered as a 501(c)(25) entity. Fsk Land Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Fsk Land Corporation?

FSK Land Corporation is an organization dedicated to acquiring and holding title to real property. The primary objective of this corporation is to generate income from the property and distribute the net earnings to its designated recipient, Johns Hopkins University (JHU). The corporation's mission involves managing property assets and transferring the net income to its affiliated institution. Through this mission, FSK Land Corporation effectively supports JHU's ongoing initiatives with a steady income stream derived from its real estate holdings.

Who is the CEO of Fsk Land Corporation?

Unavailable

What is the revenue of Fsk Land Corporation?

Fsk Land Corporation's revenue in 2022 was $19,637,042.

Who are the executives of Fsk Land Corporation and what are their salaries?

There 9 volunteers at Fsk Land Corporation.


Here are 10 key members and their salaries:


Kevin Sowers (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Johnnie Watson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laurent Heller (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Larson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Bennett (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Kasdin (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Mclean (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Jonas (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mitchell Bonanno (President)
  • Compensation: $67,467
  • Related: $0
  • Other: $5,107
Nicole Smith (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Fsk Land Corporation?

Fsk Land Corporation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Fsk Land Corporation

FSK Land Corporation, a renowned organization, is dedicated to holding title to real property and generating income from it. This income is then passed on to its primary beneficiary, Johns Hopkins University (JHU), in its entirety, with expenses being the only deduction. In essence, FSK Land Corporation functions as a property management entity, with the ultimate goal of transferring the net income it earns to JHU. The organization's mission is straightforward yet impactful - it exists to maintain ownership of real estate and distribute the resulting financial returns to its esteemed benefactor. By doing so, FSK Land Corporation plays a vital role in supporting the ongoing operations and initiatives of Johns Hopkins University.

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Impact




October, 2024

FSK Land Corporation significantly contributes to its community by acquiring and managing real property, thereby generating income that is directed to its sole member, Johns Hopkins University (JHU). This arrangement not only supports the financial sustainability of JHU but also further strengthens the university's capacity to impact education and research in Baltimore.

By holding and managing real estate, FSK Land Corporation plays a vital role in community improvement. The income generated from its properties can be reinvested into various initiatives, programs, and projects that benefit the local area, enhancing the overall quality of life for residents. In addition, by ensuring that property is maintained and utilized effectively, FSK Land Corporation contributes to the urban landscape and promotes responsible land stewardship, which can have far-reaching economic and social benefits for the community.

In summary, FSK Land Corporation acts as a bridge between real estate management and community growth, driving initiatives that can enhance educational opportunities and improve the environment for residents in Baltimore.




This information is meant to be a general summary of Fsk Land Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$19,637,042 (2022)
Expenses
$16,191,825 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $7,217
  • Program Service Revenue: $19,629,825
  • Gross Receipts: $19,637,042

Assets and Liabilities:

  • Total Assets: $75,537,606
  • Total Liabilities: $37,444,683
  • Net Assets: $38,092,923

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$18,707,711

LANDSCAPING INCOME

Revenue

$922,114

Organization Details

Founding Year

1984

Main Address

3910 Keswick Road N4327B, Baltimore, MD, 21211

NTEE Category

Code: S47 - Community improvement

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